In 2024, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures: The equipment will be used on this and other research projects. Depreclation on the equipment for 2024 is $10,000. During your year-end revlew of the accounts related to Intangibles, you discover that the company has capitalized all of the above as costs of the patent. Management contends that the device simply represents an Improvement of the existing communication system of the satellite and, therefore, should be capitalized. Requlred: Prepare correcting entrles that reflect the approprlate treatment of the expenditures. Note: If no entry Is requlred for a transaction/event, select "No Journal entry required" In the first account fleld. Journal entry worksheet Record the correcting entry for R\&. D costs. Note: Enter debits before credits. Journal entry worksheet Record the correcting entry for the equipment, if any. Note: Enter debits before credits. Journal entry worksheet Record the correcting entry to record depreciation on equipment used in R\&.D projects. Note: Enter debits before credits